OPEC+ to Weigh Bigger Hike After Iran Strike, Delegates Say
Photographer: Atta Kenare/AFP/Getty Images
OPEC+ will consider the option of a larger supply increase when key members meet Sunday after the US and Israel launched an attack on Iran, according to two delegates.
The group led by Saudi Arabia and Russia was expected to resume modest production hikes in April after a three-month supply freeze in an ongoing strategy to reclaim market share, several delegates said earlier this week.